How to trade weekly nifty option contracts in 5Paisa?

How to trade weekly nifty option contracts in 5Paisa?

To start trading weekly Nifty option contracts on 5Paisa, you can follow these steps:

1. Log in to Your 5paisa Account

New user- Sign up on the 5paisa website or mobile app.
Existing user- Log in using your credentials.

2. Access the Trading Platform

You can trade via the 5paisa Mobile App or the web-based trading platform.
Ensure your account is active and funded for F&O trading.

3. Search & Navigate to the Option Chain

You can access the Nifty Option Chain in two ways:

Method A: From Dashboard

Click on "Nifty" (top-left on the website and app from indices section)

On the Info Page, click on “Option Chain.”

Choose the appropriate weekly expiry.

Decide your strategy:

Call Option (CE) → if you're bullish.

Put Option (PE) → if you're bearish.

Select the strike price you want to trade.

On Web: Hover over the strike to view Buy/Sell options.

On Mobile App: Tap the strike to see Buy/Sell options.

Method B: Direct Search

Use the global search bar.

Type the strike and option type (e.g., 22000 CE or 22000 PE).

Select the option and proceed to Buy or Sell.

4. Place Your Order

Enter: Lot size (quantity), Premium (price you're willing to pay or receive)

Confirm and place your order.

5. Monitor Your Position

Track your trade from the “Positions” section.

Manage your position and exit before expiry if desired.

Keep in mind that weekly options expire every Thursday, so monitor time sensitivity and volatility.

These steps should help you effectively navigate the process of trading weekly Nifty option contracts on 5Paisa.